Annual report pursuant to Section 13 and 15(d)

Segment Information (Reconciliation of EBITDA) (Details)

v3.3.1.900
Segment Information (Reconciliation of EBITDA) (Details) - USD ($)
$ in Thousands
3 Months Ended 12 Months Ended
Dec. 31, 2015
Sep. 30, 2015
Jun. 30, 2015
Mar. 31, 2015
Dec. 31, 2014
Sep. 30, 2014
Jun. 30, 2014
Mar. 31, 2014
Dec. 31, 2015
Dec. 31, 2014
Dec. 31, 2013
Segment Reporting Information [Line Items]                      
EBITDA, as adjusted                 $ 43,636 $ 61,178 $ 57,203
Interest income                 254 245 194
Change in fair value of contingent consideration $ 24 $ 0 $ 0 $ 31 $ 0 $ 0 $ 0 $ 12 55 12 (121)
Loss on extinguishment of debt                 (252) (548) (4,547)
Interest expense                 (5,169) (6,990) (15,438)
Depreciation and amortization                 (27,077) (18,397) (15,315)
Non-cash compensation expense                 (8,759) (10,541) (6,766)
Amortization of retention and forgivable loans                 (9,238) (11,041) (11,544)
Financial advisor recruiting expense                 (2,387) (1,489) (1,194)
Acquisition-related expense                 (528) (2,342) 0
Net loss attributable to non-controlling interest 23 11 8 20 19 20 21 21 (62) (81) (68)
Other                 (2,168) 0 0
(Loss) income before income taxes (421) $ (3,149) $ (2,833) $ (5,292) $ 2,030 $ (571) $ 3,690 $ 4,857 (11,695) 10,006 2,404
Write-off of receivable from subtenant                 855    
Deferred compensation $ 532               532    
Rent expense due to default by subtenant                 468    
Excise and franchise tax expense                 313    
Corporate                      
Segment Reporting Information [Line Items]                      
EBITDA, as adjusted                 (9,639) (7,907) (8,534)
Interest expense                 (947) (1,166) (2,836)
Depreciation and amortization                 (52) (11) (49)
Non-cash compensation expense                 (4,046) (3,062) (2,453)
(Loss) income before income taxes                 (15,824) (14,519) (14,135)
Independent brokerage and advisory services                      
Segment Reporting Information [Line Items]                      
EBITDA, as adjusted                 46,053 50,596 52,549
Interest expense                 (3,532) (5,460) (12,527)
Depreciation and amortization                 (19,373) (14,978) (14,475)
Non-cash compensation expense                 (3,836) (6,751) (3,667)
(Loss) income before income taxes                 7,735 10,520 4,850
Ladenburg                      
Segment Reporting Information [Line Items]                      
EBITDA, as adjusted                 6,052 16,174 13,188
Interest expense                 (7) (67) (75)
Depreciation and amortization                 (703) (665) (791)
Non-cash compensation expense                 (638) (612) (646)
(Loss) income before income taxes                 3,095 14,846 11,689
Insurance brokerage                      
Segment Reporting Information [Line Items]                      
EBITDA, as adjusted                 1,170 2,315 0
Interest expense                 (683) (297) 0
Depreciation and amortization                 (6,949) (2,743) 0
Non-cash compensation expense                 (239) (116) 0
(Loss) income before income taxes                 $ (6,701) $ (841) $ 0